Ursula von der Leyen, President of the European Union (EU) Commission, said that they attracted more than 90 billion euros in investment in the chip industry, thanks to the chip production support law they prepared last year.
Von der Leyen made a statement to the press during his visit to IMEC, an international R&D organization operating in the fields of nanoelectronics and digital technologies, in Leuven, Belgium.
Pointing out that IMEC is a leading institution in digital innovation worldwide, von der Leyen reminded that the EU has invested more than 300 million Euros in IMEC in the last 10 years within the framework of research programs.
Von der Leyen, stating that they want to make Europe a leader in global semiconductor research, design, testing and production with the chip law, said, “The chip law will be officially enacted this autumn, but chip investments are already gaining incredible momentum. The chip law was proposed in February last year. More than €90 billion of industrial investment has been announced in the chip field across Europe since we launched it.” he said.
Pointing out that an investment of 12 billion euros was announced for the semiconductor packaging and test facility in Poland, and 30 billion euros was announced for two large factories, the first of its kind in Germany, von der Leyen explained that new chip investments were also made in Ireland, Spain and France.
Von der Leyen said the chip law offers tangible financing opportunities for capacity building across the entire value chain.
Recalling that chips are very important in terms of green and digital transformation and the economy, von der Leyen said, “We need to reduce our dependence on the very few suppliers in East Asia and reduce the risks in supply chains.” made his comment.
Von der Leyen also pointed out that they should further encourage chip design, testing and production in Europe.